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WASHINGTON — The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. That is up 3 cents - or about 4.5% — from the rate that was in effect for 2024
Craft Fairs Near Me 2024 Gisela Ruthann Drivers who take the standard mileage rate deduction for other purposes will not see an increase for 2025.Those. Optional standard milage rates are used to calculate the deductible costs of operating vehicles for. The IRS mileage rate 2024 is 67 cents for each mile if you use it for business
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